123rd MAINE LEGISLATURE
		LD 2049		LR 3035(02)
	An Act To Provide Tax Treatment Consistency for Limited Liability and S Corporations
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$2,403,640	$2,022,847	$2,123,463
Appropriations/Allocations
	General Fund		$0	$28,290	$24,722	$25,432
Revenue
	General Fund		$0	($2,375,350)	($1,998,125)	($2,098,031)
	Other Special Revenue Funds		$0	($127,653)	($109,602)	($115,082)
Fiscal Detail and Notes
	Establishing an income tax credit for members of certain pass-through entities will reduce General Fund revenue by $2,375,350 in fiscal year 2008-09.  This bill also includes a General Fund appropriation of $28,290 in fiscal year 2008-09 for the additional costs associated with this income modification.